I don't know how many of you have read my last article, First Profitable trade on Coinbase: Ripple (XRP) to the moon, where I described how I made my first profit on Coinbase. I will start with the beginning. If you remember well from my previous post I bough Assassin's Creed Valhalla and the game is amazing. It's not one of the best games from the series, but the story and the graphics are worth of a game developed in 2020. I played only a couple of hours, so I can't tell you more about the game itself. To be more concrete, I read many reviews and overall the game is somewhere in the middle, not too bad, but not too good either. In any case, below, l will leave a review that I found on YouTube and it's quite representative for the game.
Now going back to crypto, I will tell you my experience from the last two days. All of it has been centered on Coinbase. I was pushed from behind by my first success with XRP.
Basically, last night I had a profit of almost 15EUR to my 122,46EUR reinvested as I previously described. The price of XRP was really high of nearly 0,55EUR (it was even higher yesterday), but the price went abruptly down during the night to almost 0,35EUR. As you can see in the picture, my XRP is worth now 84,89EUR.
After this bull run, the XRP value went down and the market correction took its duties. But what made me to put my faith in XRP is that, after all my research, I found out that it has a lot of potential. The recent increase from two days ago showed that it has a good future. I also found an interesting review on YouTube where the guy was mentioning the possibility of XRP to reach a value close to $440. And the video was made yesterday. Interesting to watch though.
What amazed me about XRP are the explanations why its price went up with almost 91% in just one month. One of the explanations is that unique XRP addresses increased, especially in November when there was a spike. Secondly, the increase my be due to Ripple buybacks. I read somewhere that Ripple bought during the third quarter of 2020 $45.5 million worth of XRP. And finally, the value of XRP increased because the company that developed it has plans to launch a new product.
Going back a little to my previous article, I was mentioning that I sold all my Stellar Lumens (764.458294 XLM) for 94,62 EUR at a price of 0,1277 EUR per unit. I had in mind to do the same thing as I did with XRP: wait and rebuy when the price is lower that the one I sold at. It didn't happened yesterday, the price continued to go up until it reached even 0,20 EUR.
In this case, I decided to use my 50 EUR to buy another coin. I did some research on Coinbase and Civic (CVC) caught my eyes. So, I bought with 48,01 EUR approximately 611 CVC at a value of 0,07 EUR per unit.
The thing that convinced me to buy Civic is that its price is correlated with Bitcoin (almost +80% correlation) so I thought that as long as BTC will go up, CVC will do that too. For the moment it went down, as long as BTC went down too :).
But what is Civic?
Civic (CVC) is an Ethereum token used to power Civic's identity verification protocol. Users who verify their information through Civic can then securely share both their info and the verification with service providers, reducing the need to constantly re-verify their identity. In return for this convenience, service providers may provide users and verifiers with CVC.
I'm waiting for Stellar to go below 0,11 EUR to restore my amount.
I'm monitoring the price of CVC to see if it increases in the next couple of days. If it doubles, I will sell the entire amount.
P.S. I put my entire faith in XRP. Hope for the best!
My successful faucets!
PipeFlare & Hive ZCash - ZEC with tier 4 referral program
FreeCryptos: (DASH), (TRX), (ETH), (Cardano), (BNB), (LINK), (NEO), (LTC) & (BTC)
